News - page 2

Science & Technology

NATO $1.1B Innovation Fund Makes First Investments Into AI, Robots and Space Tech

The first deep tech investments of the NATO Innovation Fund address challenges in defence, security and resilience, while helping advance innovation in novel materials and manufacturing, AI and robotics.

Science & Technology

Aim Security Raises $18 Million

Aim Security, a company that assists enterprises in the safe implementation of artificial intelligence, announced that it managed to raise investment funds for $18 million.

Science & Technology

US Sues Adobe for Hiding Fees

On Monday, June 17, the United States government sued Adobe, maker of Photoshop and Acrobat, accusing the company of harming consumers by hiding high fees for terminating subscriptions in the most popular tariff plan and making it difficult to cancel subscriptions.

Finance & Economics

China Seeks to Make Green Hydrogen One of Pillars of Economy

Last week, at the International Carbon Neutrality Expo in Shanghai, many scale models were presented that allowed experts to form a preliminary idea of how China intends to use hydrogen energy.

Finance & Economics

China’s Central Bank Leaves Key Rate Unchanged

The People’s Bank of China has decided to leave the key interest rate unchanged.

Finance & Economics

China’s Property Crisis Worsens

Last month, China’s economic system demonstrated what can be described as ambiguous performance indicators, as evidenced by a kind of statistical situation in which the volume of investment in the Asian country’s real estate sector continued to be on a downward trajectory, but at the same time a moderate increase in consumer spending was recorded, […]

Finance & Economics

Ethiopia Intends to Allow Foreign Lenders to Acquire Local Banks

Ethiopia’s Council of Ministers has approved a bill according to which foreign financial institutions are granted the right to acquire stakes in the banks of this African country.

Science & Technology

Meta Suspendes AI Models Launch in Europe

Meta Platforms has postponed the launch of its artificial intelligence models in Europe.

Science & Technology

Amazon to Invest $230 Million in AI Startups

Amazon has announced its intention to invest $230 million in the form of Amazon Web Service (AWS) credits in startups operating in the artificial intelligence industry.

Science & Technology

Tempus AI Raises $410.7 Million

Tempus AI Inc., which specializes in the development of the technology platform that processes medical data using artificial intelligence, conducted an initial public offering (IPO) at the top of a marketed range to raise $410.7 million.

Finance & Economics

China’s Rate-Cut Calls Rise

In China, calls for cutting interest rates are now becoming louder and louder, which are addressed to the central bank of this Asian country.

Finance & Economics

Shanghai Yangpu District Seeks to Expand Its Growing Digital Ecosystem

Shanghai’s northeastern Yangpu district, which has already become a kind of hub for many large technology companies, is seeking to gain smaller-scale firms.

Science & Technology

Apple Edges Past Microsoft in Value

Last Thursday, June 13, Apple became the most valuable public company in the United States, displacing Microsoft from the corresponding position.

Science & Technology

Broadcom Shares Rise

On Thursday, June 13, the value of Broadcom shares showed an increase of approximately 12% after the company published information on the economic results of its activities for the second fiscal quarter.

Blockchain & Crypto

Blockchain Company Squad Labs Raises $10 Million

The blockchain company Squad Labs has raised new funding for $10 million.

Fintech & Ecommerce

Radar CEO Says Geolocation to Drive Future of Digital-Physical Commerce

Radar CEO and co-founder Nick Patrick, during a conversation with media representatives, said that currently there is a kind of transformation in the orientation of geolocation and geofencing, which are gradually shifting the focus from advertising to the product.